- Press Releases
Building a foundational map of humanity using machine learning
WASHINGTON, D.C, June 7, 2021 /PRNewswire/ — Geospatial data and analytics company Fraym announced a Series B financing to further scale their AI/ML software for mapping humanity.
Fraym is the preeminent global provider of geospatial data for understanding population dynamics. Dozens of data-driven organizations like Mastercard, the World Bank, Department of Defense, and USAID rely on Fraym’s foundational data to drive impact and mission success. Over the past 5 years, the company has:
Mapped hundreds of distinct population characteristics covering over 3.2 billion people and 2 billion square kilometers — enough to cover the entire globe nearly 5 times over.
Informed over $35 billion in programmatic and operational missions, spanning the design, implementation, and monitoring of strategic activities.
“Fraym has executed on ambitious product and customer success goals year after year. This raise will further accelerate our mission of mapping humanity and deliver a future where solutions around the world are built on hyper-local, spatially standardized data,” said Fraym CEO and Co-Founder, Ben Leo.
This $7 million in additional funding, largely from Fraym’s existing investors, will support further capital-efficient development of cutting-edge product and delivery solutions. All of which trailblaze a new frontier in location-based data about people—one that protects individual privacy.
Fraym is the preeminent global provider of geospatial data for understanding population dynamics. Governments and organizations around the world rely on Fraym data to make strategic and operational decisions while tackling challenges like inequity and insecurity, climate vulnerability, public health, and more. The company’s advanced AI/ML models are the first to generate high-resolution insights about human characteristics, behaviors, and attitudes at the sub-neighborhood level and make them commercially available at scale.
Director of Marketing & Communications at Fraym